1095 N Raymond Ave - Apartments FOR SALE


Pasadena, CA 91103- Garfield Heights | 
$2,700,000 USD
818-434-2110
1095 N Raymond Ave, Pasadena, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/7
null | 6.82% Cap Rate

1095 N Raymond Ave
Pasadena, CA 91103
Garfield Heights


OVERVIEW

Exceptional multifamily investment opportunity in Pasadena! This 10-unit apartment property offers an impressive unit mix consisting of five 2-bedroom/1-bath units and five spacious 4-bedroom/2-bath units, providing a total of 30 bedrooms across the property. Each unit also includes two dedicated covered parking spaces, providing a total of 20 covered parking spaces—an outstanding amenity for a multifamily property. Built in 1961, the property encompasses approximately 16,302 square feet of building area on an approximately 13,883 square foot lot. The combination of generously sized units, substantial bedroom count, and ample covered parking makes this an attractive addition to an investor's portfolio. Located in Pasadena, the property offers convenient access to Old Pasadena, the Rose Bowl, shopping, dining, entertainment, transportation, and major employment centers throughout the San Gabriel Valley and Greater Los Angeles area. With 10 units, a desirable mix of larger floor plans, and two covered parking spaces per unit, 1095 N Raymond Ave presents a compelling opportunity to acquire a substantial income-producing multifamily asset in the Pasadena rental market. Buyer to independently verify all information, including square footage, lot size, unit mix, bedroom and bathroom counts, parking, rents, expenses, zoning, permits, and development potential.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

10

PRICE/UNIT

$270,000

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,874 SF

ZONING

R37200, Pasadena

APN/PARCEL ID

5728-006-046

ASK ABOUT THIS PROPERTY

Bill TothBill Toth Real EstateMore Info
818-434-2110

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Bill TothBill Toth Real EstateMore Info
818-434-2110

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.